Optics Stocks Drop on Anthropic News, WSJ Report: Lumentum Down 10%, Corning Down 8%, AXT Down 12%

Optics stocks are experiencing a sharp decline following news of Anthropic's revenue, as reported by the Wall Street Journal. Lumentum and Corning have both seen significant drops, with Lumentum down 10.1% and Corning down 8.2%, while AXT (AXTI) has declined 12.5%. The main catalyst behind the sell-off is the discrepancy between Anthropic's reported annualized revenue of $65 billion, which is below whispers figures of $80 billion, and the company's estimated 2028 revenue of $190 billion to $200 billion.

Additionally, Wall Street analysts are questioning the conservative guidance provided by AI infrastructure suppliers, resulting in a broader risk-off trend impacting the sector.